InPlay -- HOME FEDERAL BANCORP INVESTOR ALERT: Levi & Korsinsky, LLP Notifies
Investors of Claims of Breaches of Fiduciary Duty by Board of Home Federal
Bancorp, Inc. in Connection With Sale of Company -- HOME
NEW YORK, Oct. 18, 2013 (GLOBE NEWSWIRE) -- Levi & Korsinsky notifies
investors of Home Federal Bancorp, Inc. ("Home Federal" or the "Company")
(Nasdaq:HOME) of claims of breaches of fiduciary duty and other violations of
state law against the board of directors of the Company in connection with the
sale of the Company to Banner Corporation (Nasdaq:BANR). A complaint was filed
in Maryland state court.
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Under the terms of the transaction, Home Federal shareholders and option
holders will receive $87.6 million in cash and Home stockholders will receive
2,904,000 shares of Banner common stock. The transaction has a total
approximate value of $197 million. The claims concern whether the Home Federal
Board of Directors breached their fiduciary duties to stockholders by failing
to adequately shop the Company before agreeing to enter into this transaction,
and whether Banner Corporation is underpaying for Home Federal shares.
If you own Home Federal common stock and wish to obtain additional
information, please contact Joseph E. Levi, Esq. either via email at
email@example.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or
Levi & Korsinsky is a national firm with offices in New York, New Jersey and
Washington D.C. The firm has extensive expertise in prosecuting securities
litigation involving financial fraud, representing investors throughout the
nation in securities and shareholder lawsuits. For more information, please
feel free to contact any of the attorneys listed below. Attorney advertising.
Prior results do not guarantee similar outcomes.
CONTACT: Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
30 Broad Street - 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171
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